February 15, 2012

Egypt's Alcotexa to sell 1,800 tonnes cotton

In the week ending February 11, the Alexandria Cotton Exporters' Association (Alcotexa) of Egypt committed to sell 1,800 tonnes of cotton, an Alcotexa official said Monday (Feb 13).

The sales comprised 594 tonnes of the Giza 88 grade of cotton and 1,206 tonnes of Giza 86, the official said.

The deal brings Alcotexa's export commitments for the 2011/12 season, which began in September 2011, to 54,090 tonnes worth US$172.7 million.

By this time last year, Alcotexa had sold 103,961 tonnes of cotton worth US$413.23 million.